Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

[Market_analytics]

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

The BTCUSD market is currently forming the long-term corrective wave [4] as a double three. Sub-waves (W) and (Х) have completed, sub-wave (Y) is yet unfolding. Wave (Y) is a bearish double zigzag W-X-Y, where the sub-wave Y is currently developing. A small upward corrective wave should complete soon. Next, the market will resume declining in the [c] impulse towards the support zone, as it is outlined in the chart.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-06-30/?uid=285861726&cid=79634

Edited June 30, 2020 by Market_analytics

[Market_analytics]

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

In the long-term corrective wave [4] that is unfolding as a double three, the final wave (Y) is developing as a double zigzag W-X-Y. The sub-waves W and X have completed, the final zigzag Y is yet developing. The upward correction should completed soon. After that, the market should turn down and resume declining in the impulse wave [c] to the support level as it is outlined in the chart.

   For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-01/?uid=285861726&cid=79634

 

[Dogowner5]

My problem with these ‘support level lines’ is they are drawn from the extremes.  In the example above they are from wick-tip to wick-tip.  (If they were candles)

In reality those lowest highest prices could have been fat finger screwups or panicked herd or busted shorts etc.  They don’t really represent what the ‘market’ (whatever the hell that is) really felt about price at that time.  The market was more in the body of the candle.

So basing a long term trend line on those wicks seems incorrect to me.  Just my opinion.  I know next to nothing.

 

Edited July 2, 2020 by Dogowner5
Added (if were candles) for clarity

[Market_analytics]

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

There is forming a large upward impulse. The chart displays the structure of the sideways corrective wave [4] that started in May 2020. Correction [4] is developing as a double three (W)-(X)-(Y). After sub-waves (W) and (X) completed, the price started declining in the final wave (Y) that is likely to complete as double zigzag W-X-Y. In the near future, following a short price rise, the correction of Y should complete. After that, the price could start declining in impulse [c] of Y to the support level.

   For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-02/?uid=285861726&cid=79634

 

[Market_analytics]

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

 

Like in previous trading weeks, the market is forming the sideways corrective wave [4] as a double zigzag (W)-(X)-(Y). Presumably, there is forming the final element of the sub-wave (Y), which is a bear double zigzag W-X-Y. In the near future, the price could be declining in the impulse wave [c] to a level of 8809.17. This level is in the support zone.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-03/?uid=285861726&cid=79634

 

[Market_analytics]

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

The chart displays the structure of the corrective wave [4] that looks complete. It has completed as a double three (W)-(X)-(Y). The market is forming the initial element of the new uptrend, namely, the final, fifth wave is developing. In the near future, the price could be rising to a level above 9799. It is the previous high made by the linking wave X.

Elliott wave XRPUSD

The corrective wave (B) has completed. It is a down double zigzag W-X-Y. The market is now moving up. There are likely to be completed the sub-waves 1 and 2, and there is now developing the initial part of the impulse wave 3. In the near future, the price should be rising in impulse (1), and after that, it should be declining in the corrective wave (2). An approximate trajectory of the Ripple future price movement is outlined in the chart.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-07/?uid=285861726&cid=79634

[Market_analytics]

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

There continues forming the global impulse wave. It is clear from the Bitcoin two-hour chart that impulse wave [3] completed within the impulse wave of a larger degree. There has also completed the sideways corrective wave [4] as a double three (W)-(X)-(Y). The market is now moving up. There have finished two small sub-waves, impulse (1) and correction (2). In the near future, the BTC price should be rising in the third sub-wave to a level above 9799.80, which is the previous high.

Elliott wave XRPUSD

When the down corrective wave (B) completed as a bear double zigzag W-X-Y, there has started the final impulse wave (C). There is likely to be developing the initial part of the bullish impulse wave 3, with the sub-waves [1]-[2] and (1)-(2) completed within. Therefore, the price should continue rising in the next few weeks, as impulse 3 has just started developing.

Elliott wave ETHUSD analysis

Like other major cryptocurrencies, the ETHUSD market is following the upward impulse wave of a larger degree. There is now forming the final, fifth, wave that is also developing as an impulse and is composed of five sub-waves (1)-(2)-(3)-(4)-(5). There has recently completed the sideways correction (4) as a double three. There is now developing wave (5). In the near future, the price should continue rising in impulse [3]. Next, the market could start declining in correction [4], and, when it completes, it should again be moving up in the final wave [5], as it is outlined in the chart.

   For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-08/?uid=285861726&cid=79634

[Market_analytics]

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

The BTCUSD market has completed the long-term corrective wave [4] as a double three. There is likely to be developing a new uptrend. There should have completed the impulse wave (1) and the upward corrective wave (2). Presumably, the price should continue rising to a level above 9799. This is the previous high made by the zigzag-shaped linking wave X.

Elliott wave XRPUSD

There is now forming the upward impulse wave. There have completed a small bullish impulse 1 and the down corrective wave 2, which is a double zigzag [w]-[x]-[y]. There is developing the third wave, with the smaller impulse wave [3] developing inside. In the near future, there should be a corrective movement in the zigzag-shaped wave (4). Next, the market should be rising in the final wave (5) of [3].

Elliott wave ETHUSD analysis

 

In the upward impulse wave of larger degree that is composed of five sub-waves (1)-(2)-(3)-(4)-(5), the final wave (5) is developing as an impulse [1]-[2]-[3]-[4]-[5]. The first two sub-waves of this impulse look complete, and the market is forming the third wave now. In the next few weeks, the market is likely to complete impulse [3], next, the price should decline a little in the corrective wave [4]. An approximate trajectory of the ETH future price movement is outlined in the chart.

  For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-09/?uid=285861726&cid=79634

[Market_analytics]

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

After the sideways corrective wave [4] completed as a double three, the market has turned up and started rising. The bullish impulse wave (1) should have completed, and there is now developing the bearish correction (2). The price is likely to be moving down in the correction to a level of 9044.28, where correction (2) will be 76.4% of the impulse wave (1). Next, there should start a new bull trend.

Elliott wave XRPUSD

The XRPUSD market is moving up. There is forming the bullish wave of a larger degree; there should have completed impulse 1 and the down correction 2, opposite this impulse, which is a double zigzag. The price is now following the impulse wave [3] that is composed of five sub-waves (1)-(2)-(3)-(4)-(5). Next week, the price should be declining in correction (4) that may complete a zigzag a-b-c. After that, the price should resume rising in the final wave (5).

Elliott wave ETHUSD analysis

 

There is developing the impulse wave A that is composed of five sub-waves [1]-[2]-[3]-[4]-[5]. The chart displays the fifth wave, where the first four elements have completed. The price is now moving in impulse (5). Next week, the price should be declining in the corrective wave [4]. Next, the market could start rising in wave [5] that can also complete as an impulse or as an ending diagonal.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-10/?uid=285861726&cid=79634

[Market_analytics]

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

The BTCUSD market formed the sideways corrective wave [4] as a double three. Next, there has completed the upward impulse wave (1). The market is likely to be unfolding the down corrective wave (2) now that may complete as a normal zigzag. In the near future, correction b should complete. Next, the price should be declining in the c impulse towards level 9044. After that, a new uptrend should start.

Elliott wave XRPUSD

The XRPUSD is continues following the uptrend that started after the long-term corrective wave (B) completed. A series of small sub-waves 1-2 and [1]-[2] has completed. There is now developing bullish impulse wave [3] that is composed of five sub-waves. The first three elements of wave [3] have completed, and the down correction (4) is now developing. After a short decline in impulse c, the market will start forming the final wave (5), as it is outlined.

Elliott wave ETHUSD analysis

In the down impulse wave [5], there is forming the final fifth wave as an impulse. There is now developing the bear corrective wave [4]. It can complete as a plain zigzag (a)-(b)-(c). Wave (a) has completed, wave is about to finish soon. In the near future, there could finish correction b. Next, the market should continue moving down in the impulse wave (c). An approximate trajectory of the Ethereum future price movement is outline in the chart.

[Market_analytics]

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

The long-term corrective wave [4] has completed. It is composed of sub-waves (W)-(X)-(Y), the sub-waves (W) and (X) are simple zigzags. Wave (Y) is a double bearish zigzag. Next, there was an upward impulse wave (1). The market is now moving down in the down corrective wave (2) that may complete as a simple zigzag a-b-c. The price is likely to continue declining to a level of 9044. Next the market should turn up and start rising in a new uptrend.

Elliott wave XRPUSD

The down corrective wave (B) is likely to have completed as a double zigzag. The market is now moving up in the impulse wave (C). There is likely to be developing the bullish impulse 3, where the first two sub-waves [1] and [2] have completed, and the impulse wave [3] is still developing. The market should be declining in the corrective wave (4) in the near future, next, the price should be rising in wave (5).

Elliott wave ETHUSD analysis

The first four sub-waves of the upward impulse wave A, waves (1)-(2)-(3)-(4), have completed. There is now forming the final wave (5) as a bullish impulse made of the sub-waves [1]-[2]-[3]-[4]-[5]. The corrective wave [4] is likely to complete as a simple down zigzag (a)-(b)-(c). After this correction completes, the price could start rising in the final wave [5], as it is outlined in the chart.

   For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-14/?uid=285861726&cid=79634

Edited July 14, 2020 by Market_analytics

[Market_analytics]

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

The BTCUSD market has completed the corrective move. The corrective wave [4] composed of the sub-waves (W)-(X)-(Y) has completed. The inceptive phase of the bullish impulse wave is forming now. There have completed a small impulse (1), and the corrective wave [2] as a simple bearish zigzag a-b-c. In the near future, the Bitcoin price should be rising in the third wave.

Elliott wave XRPUSD

After the XRPUSD market completed the corrective wave (B), there has started a new uptrend that is likely to be an impulse. There is now unfolding the bullish impulse wave 3, namely, its third part. The corrective wave (4) has recently completed, and the price is now following the initial phase of the final wave (5). Therefore, the price should be rising in the fifth wave in the next few days.

Elliott wave ETHUSD analysis

The most recent section of the ETHUSD chart displays the upward wave (5). It is unfolding as an impulse tat is composed of the sub-waves [1]-[2]-[3]-[4]-[5]. The corrective wave [4] is likely to have completed as a zigzag (a)-(b)-(c). The price is now rising in wave [5] that could conclude the entire global impulse wave A. Therefore, the Ethereum price should be rising in the next few days following the fifth wave.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum/?uid=285861726&cid=79634

[Market_analytics]

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

The BTCUSD market is forming the global upward impulse wave, with the corrective wave [4],consisting of the sub-waves (W)-(X)-(Y), recently completed inside. There is now developing a new uptrend as a bullish impulse wave. The first two small sub-waves (1) and (2) have completed, and there is now forming the third wave. Therefore, the price should be rising in the near future.

Elliott wave XRPUSD

The XRPUSD market is moving up and forming a bullish impulse wave. There is now developing the upward impulse wave 3, where impulse [1] and corrective wave [2] opposite this impulse completed. After that, the price has started rising in the impulse [3]. The first four elements of impulse [3] are likely to have completed, so there should be developing the final wave (5) of [3].

Elliott wave ETHUSD analysis

The market continues moving up in the upward impulse wave A, with its final wave [5] forming inside. Wave [5] is composed of the sub-waves (1)-(2)-(3)-(4)-(5) and looks like an impulse. The first four parts of this formation have completed. Wave (5) is now developing. In the next few days, the price should be rising in the final sub-wave [5] of smaller degree.

 

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-16/?uid=285861726&cid=79634

[swift_post]

9 hours ago, Market_analytics said:

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

The BTCUSD market is forming the global upward impulse wave, with the corrective wave [4],consisting of the sub-waves (W)-(X)-(Y), recently completed inside. There is now developing a new uptrend as a bullish impulse wave. The first two small sub-waves (1) and (2) have completed, and there is now forming the third wave. Therefore, the price should be rising in the near future.

Elliott wave XRPUSD

The XRPUSD market is moving up and forming a bullish impulse wave. There is now developing the upward impulse wave 3, where impulse [1] and corrective wave [2] opposite this impulse completed. After that, the price has started rising in the impulse [3]. The first four elements of impulse [3] are likely to have completed, so there should be developing the final wave (5) of [3].

Elliott wave ETHUSD analysis

The market continues moving up in the upward impulse wave A, with its final wave [5] forming inside. Wave [5] is composed of the sub-waves (1)-(2)-(3)-(4)-(5) and looks like an impulse. The first four parts of this formation have completed. Wave (5) is now developing. In the next few days, the price should be rising in the final sub-wave [5] of smaller degree.

 

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-16/?uid=285861726&cid=79634

I think you posted xrp/usd twice.

[Market_analytics]

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

The BTCUSD forecast is forming the long-term uptrend, with the corrective wave recently [4] completed within. Correction [4] is composed of three major sub-waves (W)-(X)-(Y). The sub-waves (W) and (X) are simple zigzags, wave (Y) is a bearish double zigzag. Next, the market has turned up and started forming the initial phase of the new uptrend. The Bitcoin price should be rising in the next few weeks.

Elliott wave XRPUSD

The XRPUSD market is currently growing, forming the final wave (C), which is developing as an impulse and is composed of five sub-waves 1-2-3-4-5. The down corrective wave 4 is likely to have completed as a double zigzag [w]-[x]-[y]. There is now developing the initial phase of wave 5. The Ripple price should be rising in wave 5 in the next few weeks.

Elliott wave ETHUSD analysis

The ETHUSD market, having completed the corrective wave [4], has started moving up following the final wave (5). Wave (5) is likely to be unfolding as an ending diagonal [1]-[2]-[3]-[4]-[5]. The first four elements of this ending diagonal have completed. In the next few weeks, there should be developing the final wave [5] of (5), which could complete as a simple zigzag (a)-(b)-(c).

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-17/?uid=285861726&cid=79634